EUR / USD
To open long positions for EUR / USD pair, you need:
A Larger downward trend for the euro did not happen in the first half of the day.
To open short positions for EUR / USD pair, you need:
Sellers failed to hold on 1.1631 in the morning.
GBP / USD
To open long positions for GBP / USD pair, you need:
Buyers are trying to gain a foothold above 1.3041 where it is expected to continue the rally of the pound to the resistance level of 1.3092 and a first profit taking take will take place.
To open short positions for GBP / USD pair, you need:
Sellers Are not yet in a better situation, since a break above 1.3041 could lead to the elimination of a number of stop orders.
Fears of indicators
- MA (average sliding) 50 days - yellow
- MA (average sliding) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA
- Bollinger Bands 20
To familiarize with the basic concepts and the general rules of my TS is possible here.
